Fannie Mae cut 62 jobs on Thursday across its operations, technology and diversity teams as part of an ongoing strategy imposed by Federal Housing Finance Agency (FHFA) Director Bill Pulte to reduce positions not related to the enterprise’s core activities.

“Today Fannie Mae executed a standard business layoff of over 62 people, across the COO, Information Technology, DEI, and other divisions,” Pulte said. “We, like any business, must eliminate positions that are not core, or otherwise, to mortgages and new home sales. We have 7,000+ employees!”

According to Pulte, the layoffs were prompted after a manager was unable details ⇒

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